Lyft lays off almost 1,000 staffers as Uber weighs big layoffs

Lyft lays off almost 1,000 staffers as Uber weighs big layoffs

4 years ago
Anonymous $9CO2RSACsf

https://arstechnica.com/tech-policy/2020/04/lyft-lays-off-almost-1000-staffers-as-uber-weighs-big-layoffs/

Lyft is laying of 982 people, the company said in a regulatory filing on Wednesday. That represents 17 percent of the company's official workforce (the company considers its thousands of drivers to be independent contractors).

An additional 288 employees will be furloughed, Lyft said. Most of the remaining salaried employees will take 10 percent pay cuts, while executives will face pay cuts of 20 to 30 percent.

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